"Live Free Or Move" is, of course, a takeoff on the New Hampshire slogan, "Live Free or Die". We want to live free, natch, but wouldn't it be nice to have an alternative to freedom other than death?
So let's live free. Unless we find we can't. In which case, we should move to where we think we can live free.
Meantime, let's discuss freedom. Political and economic (but I repeat myself).

Friday, June 26, 2009

Stocks should be going down, but they're not!

Stocks should be going down; but they’re not. And the more they don’t, the more people think they never will. Feelings change. The naked fear of the crash period yields to a calmer, more ‘reasonable’ outlook…where people think ‘this isn’t so bad’… ‘we can live with this’… ‘we’ll muddle through; we’ll be all right.’

Thus does a dangerous complacency take over. Like the Donner Party, when the first snow flakes fell:

“The mountains are so pretty when it snows,” they said to each other. And while they were admiring the view, the passes filled with drifts.